Below you’ll find a month-by-month recap for the Wisconsin Rapids area.  For your viewing pleasure I’ve broken it down into two separate graphs.

The first shows the number of homes sold during each month (so far) of 2010.

The tax credits offered to both first time homebuyers and homeowners definitely brought more people to the closing table. You can see that reflected in an increase of home sales from March through June, compared to Wisconsin Rapids home sales in 2009. 

Below you can see the average sale price for each month.

There’s not much information we can gather from the average sale price on a month to month basis. But we do see a spike when it reached over $120,000, but otherwise on average it hung around the $105,000 area. (FYI–still a very good number)

What’s your take on the results?

Does a ramped up May-July of 2010 make up for a slow August (and possibly September)?

Or does last years August-October offset the slower spring/summer real estate season in 2009?

I don’t know if anyone has the ‘right’ answers. I do think the tax credits have caused more questions than answers. I would think the ‘right’ answers can only be answered on an individual basis.

Everyone will benefit as we pull ourselves away from the tax credits because ultimately we want a successful Wisconsin Rapids real estate market to be held up by people (like you) who are buying and selling a home because YOU want to and not because the government is throwing money at you. (Although, if you receive(d) some cash…take it and run…or fly…or improve…or tithe…or save)

And if answers can only happen at an individual level–Are we able to call our overall market improved IF we’re calling our market improved based solely on the people who benefited from the tax credits?

I believe we have a simple chicken and a cart conundrum…or was it a horse and an egg?

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How long it will take all properties currently on the market to sell.

For example the Wisconsin Rapids area has 397 properties currently for sale. Over the past year 481 homes have sold, which averages out to 40 sales per month. Dividing monthly sales by number of homes for sale gives you 9.9 months to absorb all the homes currently on the market. Make sense?

The absorption rate is a significant indicator of the health of a real estate market. The goal is to be around 6 months. A number less than 6 indicates that it’s a sellers market. Why? Because homes are moving at such a rapid pace sellers have the ability to be picky when choosing to accept an offer.

Obviously over 6 months means that we’re in a buyers market. With homes moving slower buyers are better able to draw a line in the sand in regards to a final purchase price.

Following are the absorption rates for all of our surrounding areas:

• Wisconsin Rapids: 9.9 months
• Stevens Point: 9.2 months
• Marshfield: 11.5 months
• Wausau: 13.2 months

Individual communities within these areas can have significantly differing absorption rates. For example a few reasons can be the local school district (or individual school), the proximity to large employer, or even how close a community/subdivision is to various amenities.

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You can read previous market reports to see for yourself what our real estate market has been doing.

Seventy-three homes were added to our MLS last month. Including 43 homes in Wisconsin Rapids. The town of Rome is gearing up for its annual summer sell-a-thon as the Nekoosa area added a whopping 27 homes to the MLS this past month. Consider 10 homes were added in February from the Nekoosa area.  

If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time. Every month more and more people are signing up. It makes me feel like you like my writing…

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…

Single Family Wisconsin Rapids Homes:

• Active Homes for Sale: 234 (including 43 new listings in March)
• Average List Price: $130,413
• Homes Sold in March 2010: 38
• Average Sale Price: $96,518
• Median Sale Price: $85,410
• Average Days on the Market: Active: 203 Sold: 196
• Average Sale Price/List Price: 94%
• Expired Listings: 11

Single Family Nekoosa Homes:

• Active Homes for Sale: 122 (including 27 new listings in March)
• Average List Price: $188,233
• Homes Sold in March 2010: 3
• Average Sale Price: $113,714
• Median Sale Price: $156,000
• Average Days on the Market: Active: 225 Sold: 351
• Average Sale Price/List Price: 87%
• Expired Listings: 10

Single Family Port Edwards Homes:

• Active Homes for Sale: 23 (including 3 new listings in March)
• Average List Price: $105,056
• Homes Sold in March 2010: 0
• Average Sale Price: $–
• Median Sale Price: $–
• Average Days on the Market: Active: 211 Sold: –
• Average Sale Price/List Price: –
• Expired Listings: –

Trends I’m Seeing

• The days on the market are crazy high. Sellers all over the area are going to bed frustrated…
• Port Edwards now has 2 months in a row with 0 sales. The 3 new listings helped keep the averaged days on the market from spiking into the 230 range.

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be given to anyone.

Is anyone else extremely interested in what the post tax-credit era will look like in the next few weeks? I have feelings and inclinations about it all…we’ll see how close I am.

For More Info:

• Thinking about selling? Quickly see what your home’s worth in our market.
• Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

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Very important note: Not me. I repeat NOT ME!

‘The weather’s too good for it not to be spring soon’ edition of our area’s real estate market report…

You can read previous market reports to see for yourself what our real estate market has been doing.

Fifty-four homes were added to our MLS this month. Including 40 homes in Wisconsin Rapids. This is a huge jump from January and December.  

If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time. Every month more and more people are signing up. It makes me feel like you like my writing…

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…

Single Family Wisconsin Rapids Homes:

• Active Homes for Sale: 139 (including 40 new listings in February)
• Average List Price: $96,744
• Homes Sold in February 2010: 19
• Average Sale Price: $94,154
• Median Sale Price: $95,000
• Average Days on the Market: Active: 229 Sold: 121
• Average Sale Price/List Price: 95%
• Expired Listings: 8

Single Family Nekoosa Homes:

• Active Homes for Sale: 26 (including 10 new listings in February)
• Average List Price: $105,892
• Homes Sold in February 2010: 4
• Average Sale Price: $112,625
• Median Sale Price: $119,500
• Average Days on the Market: Active: 166 Sold: 201
• Average Sale Price/List Price: 92%
• Expired Listings: 6

Single Family Port Edwards Homes:

• Active Homes for Sale: 19 (including 4 new listings in February)
• Average List Price: $103,628
• Homes Sold in February 2010: 0
• Average Sale Price: $–
• Median Sale Price: $–
• Average Days on the Market: Active: 204 Sold: –
• Average Sale Price/List Price: –
• Expired Listings: –

Trends I’m Seeing

• No, the number of homes for sale in Wisconsin Rapids and Nekoosa did not fall dramatically from January. Our MLS changed the way it’s reporting city data. I’ll get it back to normal, it will just take me a day or two…
• Action picked up tremendously in February. 54 new homes hit the market. Gotta love the tax credits! Are you next? Call me.
• Even with 40 new homes, Wisconsin Rapids still has the average days on the market for active homes at 229. But if your home sells, it averaged only 121 days on the market. What does that tell you?
• Nekoosa continues to have a low sale price to list price percentage of 92%. Remember that’s the comparison of what the home owner accepted as the sale price to what it was listed for. And that doesn’t take into consideration any price drops, so it may actually be significantly lower.

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be given to anyone.

For More Info:

• Thinking about selling? Quickly see what your home’s worth in our market.
• Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

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The following chart includes all single-family homes and condos sold in the tri-city area.

Realtors talk about the ‘buying season’ and the ‘slow season’ in pretty much the same way you’d use ‘dry season’ and ‘wet season’ if you were talking about the African plains.

Each bringing their own set of problems and solutions. Summer *can* be the better time for sellers. More buyers means more opportunities to sell. Of course it also means more competition… Accurate pricing, a well-written listing description, and high-quality photographs generally do an excellent job tipping the scales in your favor though.

Winter means fewer buyers. And more time between meaningful showings and offers. But buyers that are out there are definitely serious. We’re now finishing the ‘slow season’ and heading quickly to the ‘buying season.’ Note: the average home that sells is on the market for 200+ days. That puts the average home that goes on the market today getting a sold sign in August, right in the middle of the ‘buying season.’

At least that’s what the chart and data are telling us.

As you can see January and February were the 2 slowest months. Which is expected. But we’re off to the races once the calendar gets flipped to March. Remember a home that sells in June received it’s accepted offer in May.

Yes October had the most sales, but what it’s really saying is that September had the most accepted offers.

Now the tax credits are quickly coming to an end. You have less than 3 months to get your home ready for sale, on the market, advertised, shown, receive an offer, negotiate and finally accept the offer. That’s a lot that has to happen. I’ve had numerous sellers contact me in the past month, 3 new listings plus one more in a couple weeks. There’s still time, but now is the time to be proactive.

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You can read previous market reports to see for yourself what our real estate market has been doing.

Thirty-nine homes were added to our MLS this month. Including 25 homes in Wisconsin Rapids. New listings are starting to climb after a slow December.  

If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time. Every month more and more people are signing up. It makes me feel like you like my writing…

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…

Single Family Wisconsin Rapids Homes:

• Active Homes for Sale: 222 ( including 25 new listings in January)
• Average List Price: $125,125
• Homes Sold in January 2010: 8
• Average Sale Price: $143,112
• Median Sale Price: $134,250
• Average Days on the Market: Active: 218 Sold: 219
• Average Sale Price/List Price: 93%
• Expired Listings: 10

Single Family Nekoosa Homes:

• Active Homes for Sale: 108 (including 10 new listings in January)
• Average List Price: $177,836
• Homes Sold in January 2010: 0
• Average Sale Price: $–
• Median Sale Price: $–
• Average Days on the Market: Active: 248 Sold: –
• Average Sale Price/List Price: –
• Expired Listings: 4

Single Family Port Edwards Homes:

• Active Homes for Sale: 17 (1 new listing in January)
• Average List Price: $109,135
• Homes Sold in January 2010: 1
• Average Sale Price: $108,000
• Median Sale Price: $108,000
• Average Days on the Market: Active: 248 Sold: 872
• Average Sale Price/List Price: 94%
• Expired Listings: 2

Trends I’m Seeing

• Congrats to the Port Edwards home owner. On the market for 2.5 years… 
• The number of homes sold is way down from a couple months ago. But remember my last market report coincided with the last month of the First-time home buyers tax credit causing an increase in the number of homes sold.
• Homes for sale in our area have been for sale an average of almost 7 months. Which means… 
• I feel agents need to re-prioritize pricing a home  at a number that can be backed up by data.

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be given to anyone.

For More Info:

• Thinking about selling? Quickly see what your home’s worth in our market.
• Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

Search Homes For Sale in

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You can read previous market reports to see for yourself what our real estate market has been doing.

Thirty-five homes were added to our MLS this month. Including 24 homes in Wisconsin Rapids. New listings are starting to slow down because winter is just around the corner. But, now is still a good time to put your home up for sale. Why? Anyone who’s out looking for homes when its 10 degrees outside is definitely serious…

If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time. Every month more and more people are signing up. It makes me feel like you like my writing…

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…

Single Family Wisconsin Rapids Homes:

• Active Homes for Sale: 220 ( including 24 new listings in November)
• Average List Price: $127,324
• Homes Sold in November 2009: 23
• Average Sale Price: $103,217
• Median Sale Price: $79,900
• Average Days on the Market: Active: 204 Sold: 158
• Average Sale Price/List Price: 95%
• Expired Listings: 12

Single Family Nekoosa Homes:

• Active Homes for Sale: 106 (including 10 new listings in November)
• Average List Price: $195,662
• Homes Sold in November 2009: 4
• Average Sale Price: $96,228
• Median Sale Price: $88,706
• Average Days on the Market: Active: 240 Sold: 162
• Average Sale Price/List Price: 91%
• Expired Listings: 13

Single Family Port Edwards Homes:

• Active Homes for Sale: 17 (0 new listing in November)
• Average List Price: $116,348
• Homes Sold in November 2009: 0
• Average Sale Price: $–
• Median Sale Price: $–
• Average Days on the Market: Active: 291 Sold: –
• Average Sale Price/List Price: –
• Expired Listings: 1

Trends I’m Seeing

• Number of homes for sale in our area is down more than 70 from the summer.
• I don’t have to look to know that no homes in the Town of Rome sold during November. (That’s why the average sold price for Nekoosa is under $100,000 compared to previous months)
• The number of days a home is on the market is directly related to its chances of selling. Compare the number of days for active homes against homes that have sold… What do the numbers tell you? (Look for a post in the near future about this topic)
• Port Edwards continues to be a hard sell. If you live in Port Edwards and are thinking about selling, I have an aggressive 191 point marketing system that will help counteract the struggles other homeowners are experiencing.

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be given to anyone.

For More Info:

• Thinking about selling? Quickly see what your home’s worth in our market.
• Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

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The ‘summer is flying by’ edition of our real estate market report. Thanks for reading.

You can read previous market reports to see for yourself what our real estate market has been doing.

Fifty-two homes were added to our MLS this month. Including 38 homes in Wisconsin Rapids. That only means good things for prospective buyers. If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started.

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time. Every month more and more people are signing up. It makes me feel like you like my writing…

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…

Single Family Wisconsin Rapids Homes:

• Active Homes for Sale: 275 ( including 38 new listings in July)
• Average List Price: $123,267
• Homes Sold in July 2009: 30
• Average Sale Price: $91,840
• Median Sale Price: $84,750
• Average Days on the Market: Active: 185 Sold: 178
• Average Sale Price/List Price: 94%
• Expired Listings: 17

Single Family Nekoosa Homes:

• Active Homes for Sale: 127 (including 9 new listings in July)
• Average List Price: $192,143
• Homes Sold in July 2009: 4
• Average Sale Price: $158, 830
• Median Sale Price: $147,710
• Average Days on the Market: Active: 211 Sold: 240
• Average Sale Price/List Price: 94%
• Expired Listings: 3

Single Family Port Edwards Homes:

• Active Homes for Sale: 25 (including 5 new listing in June)
• Average List Price: $112,545
• Homes Sold in July 2009: 3
• Average Sale Price: $50,333
• Median Sale Price: $55,000
• Average Days on the Market: Active: 211 Sold: 255
• Average Sale Price/List Price: 97%
• Expired Listings: 0

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be sold to any annoying telemarketer.

For More Info:

• Thinking about selling? Quickly see what your home’s worth in our market.
• Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

Search Homes For Sale in

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As I’m sitting in the office brainstorming ideas for this blog post it becomes apparent that I haven’t talked about our market yet. That leads me into jotting ideas down on the best way to approach a discussion about the homes currently for sale in Wisconsin Rapids.

In the end I’ve decided to break the city up into east and west. If it’s good enough for the school district, it’s good enough for me.

Following is the breakdown for both sides of the river:

East Side:

Total Number of Homes for Sale: 230
Average List Price: $131,890
Most Expensive Home: $1,140,000
Average Number of Days on the Market: 184
Highest Number of Days on the Market: 1058

View all East Side Homes for Sale

West Side:

Total Number of Homes for Sale: 60
Average List Price: $89,343
Most Expensive Home: $475,000
Average Number of Days on the Market: 193
Highest Number of Days on the Market: 653

View all West Side Homes for Sale

Does any of the data jump out at you?

I have a couple observations. First, even though there’s a huge discrepancy between the numbers of homes for sale on the east and west side of town, if you go strictly by population the numbers are indeed similar.

Next, the average list price is substantially higher on the east side of town. Yes there is a million dollar listing, but the data goes deeper than that. The reason for the higher list price is that new homes are being built on the east side at a far faster pace. That does make sense as people continue to move into the Grand Rapids area along with the new subdivisions that are being built in the south eastern part of the city.

Plus many homes on the western side of town were built 30+ years ago when homes and lots were much smaller. New homes being built tend to be 2400+ square feet on lots that average 3 or 4 times the size of lots located in the heart of the city.

The last piece of data that stands out is that homes on the east side of town sell quicker than their counterparts across the river. And this is even with factoring in a home that has been listed for 1058 days.

After all of this, what have we learned? My takeaway is this: If you live on the east side of town and are thinking about selling you are in the better position than someone located on the west side of town.

With everything we’ve heard and been through, real estate in Wisconsin Rapids is really starting to hop. Especially for homes under $130,000.

What I’m noticing is if your home’s list price is over $130,000 your home needs to be move in ready… If not, my suggestion is to modernize before putting it on the market. Would you like suggestions on ways to improve your home? Contact me today by phone at 715.572.8372 or by email at holberga [at] firstweber [dot] com.

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The ‘did you notice that I missed the May market report?’ All of a sudden it was the middle of June and I realized I hadn’t given you what you were craving… Statistics…

Alright, maybe you’re not all Math teachers like my mom and aunt, but many of you have said that the information is useful. And I’m good with that.

Just as you’d expect June was the best month of the year. The average list price in Wisconsin Rapids has pushed itself over the $120,000 mark. Maybe I”m cynical but I’m interested in seeing if it’s because Wisconsin Rapids Realtors are agreeing to higher listing prices because summer brings out more buyers. Supply and demand. Of course if these new buyers don’t buy the number of homes for sale will grow, which means home sellers will start to rapidly lower asking prices and they chase the market down into the fall. 

Port Edwards continues to have an extremely sluggish real estate market. Port Edwards has averaged around 23 homes for sale every month and pretty predictably one home will sell per month. If you’re in a hurry to sell you’ll need to be creative plus have a home that shows very well because the average days a home is on the market before selling continues to be extremely high. You can look at it this way: If you take all 23 homes on the market in Port Edwards right now, on average they were originally listed in December of 2008. Eight months ago…

You can read previous market reports to see for yourself what our real estate market has been doing.

Sixty homes were added to our MLS this month. Including 46 homes in Wisconsin Rapids. That only means good things for prospective buyers. If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started.

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time.

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. 

Single Family Wisconsin Rapids Homes:

• Active Homes for Sale: 290 (including 46 new listings in June)
• Average List Price: $121,631
• Homes Sold in June 2009: 26
• Average Sale Price: $105,954
• Median Sale Price: $95,500
• Average Days on the Market: Active: 181 Sold: 171
• Average Sale Price/List Price: 96%
• Expired Listings: 11

Single Family Nekoosa Homes:

• Active Homes for Sale: 126 (including 13 new listings in June)
• Average List Price: $188,162
• Homes Sold in June 2009: 8
• Average Sale Price: $120,912
• Median Sale Price: $77,750
• Average Days on the Market: Active: 198 Sold: 252
• Average Sale Price/List Price: 93%
• Expired Listings: 9

Single Family Port Edwards Homes:

• Active Homes for Sale: 23 (including 1 new listing in June)
• Average List Price: $94,592
• Homes Sold in June 2009: 1
• Average Sale Price: $59,900
• Median Sale Price: $59,900
• Average Days on the Market: Active: Active: 233 Sold: 142
• Average Sale Price/List Price: 100%
• Expired Listings: 1

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be sold to any annoying telemarketer.

For More Info:

• Thinking about selling? Quickly see what your home’s worth in our market.
• Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

Search Homes For Sale in

Wisconsin Rapids

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